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Question - apply the accounting equation - use the

Question - Apply the accounting equation

1. Use the accounting equation to show how to determine the amount of a company's owner's equity. How would your answer change if you were analyzing your own household or a single IHOP restaurant?

2. If you know the assets and the owner's equity of a business, how can you measure its liabilities? Give the equation.

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Accounting Basics: Question - apply the accounting equation - use the

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